LeConte Wealth Management LLC Takes $705,000 Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• LeConte Wealth Management LLC has acquired a new position in Exxon Mobil, investing approximately $705,000 for 5,929 shares, which constitutes 0.4% of its overall portfolio.
• Exxon Mobil reported a quarterly EPS of $1.64, surpassing estimates by $0.17 despite a 12.4% decline in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.99 per share, equating to an annualized dividend of $3.96 and a yield of 3.7%.

LeConte Wealth Management LLC bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,929 shares of the oil and gas company's stock, valued at approximately $705,000. Exxon Mobil accounts for approximately 0.4% of LeConte Wealth Management LLC's portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Northwest & Ethical Investments L.P. raised its holdings in shares of Exxon Mobil by 0.4% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 65,455 shares of the oil and gas company's stock worth $7,785,000 after buying an additional 257 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in shares of Exxon Mobil by 0.3% during the 1st quarter. Tyler Stone Wealth Management now owns 62,312 shares of the oil and gas company's stock worth $7,411,000 after buying an additional 163 shares in the last quarter. Aldebaran Capital LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth $219,000. Raymond James Financial Inc. raised its holdings in shares of Exxon Mobil by 21.7% during the 1st quarter. Raymond James Financial Inc. now owns 8,360,731 shares of the oil and gas company's stock worth $994,341,000 after buying an additional 1,490,055 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. raised its holdings in shares of Exxon Mobil by 231.5% during the 1st quarter. Sprucegrove Investment Management Ltd. now owns 99,790 shares of the oil and gas company's stock worth $11,868,000 after buying an additional 69,690 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.8%

Shares of XOM stock opened at $106.54 on Friday. The stock has a market cap of $454.21 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.00 and a beta of 0.53. The stock has a 50-day moving average of $110.25 and a 200-day moving average of $108.88. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Mizuho lowered their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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